When Ownership Meets Management

Management Meeting
© Photographer: Corepics Vof | Agency: Dreamstime.com

“The reason is always the same: a lack of top management. The business has outgrown being managed by one person, or even two people, and it now needs a management team at the top. If it does not have one already in place at the time, it is very late – i fact usually too late. The best one can then hope is that the business will survive. But it is likely to be permanently crippled or to suffer wounds that will bleed for many years to come. Morale has been shattered and employees throughout the company are disillusioned and cynical. And the people who founded the business and built it almost always end up on the outside, embittered and disenchanted.” Peter Drucker

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